Shamsan Abdo & Najeeb Murshed Acquire Retail Property On West 181st Street In Bronx For $1.85M
82 W 181st St #86, The Bronx, NY 10453, USA
Building Size
2,165 SF
Asset Type
Retail
Closing
Jan 9, 2018
AI
Located at 82-86 West 181st Street in the Bronx, New York, this retail property has been sold in a closed transaction. The property was purchased for a price of $1,850,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,850,000
- Address: 82-86 West 181st Street, Bronx, New York
- Market: Bronx
The seller of the property was 181 BX Holdings LLC, while Shamsan Abdo & Najeeb Murshed acted as the buyers. The transaction was facilitated by Capital Services, with Hunter Moss, Jonthan Squires, and Michael Fiorvanti representing the agency.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93